Here Is How India Is a Slam Dunk For Ripple and XRP

The beautiful country of India is known to have one of the most progressive and tech-savvy population in the world. This fact is boosted by the fact that they have a very forward-thinking Prime Minister: Narendra Modi. It is no wonder that the company of Ripple has set up shop in the country despite the ongoing Reserve Bank of India (RBI) ban on fiat-to-crypto transactions and vise versa. But this ban has some loopholes that can be exploited by both the Ripple company and XRP.

So how will India be a slam dunk for Ripple and XRP?

To begin with, the current RBI ban does not prohibit crypto-to-crypto transactions. This means that the tech-savvy citizens of the country can choose to use XRP for day to day transactions due to the four known qualities that will be outlined next. Firstly, XRP is highly liquid in a sense that you can get it easily in India on Zebpay and Unodax. There is also the unreported peer-to-peer transactions that are probably going on in XRP. These transactions are boosted by the other 3 qualities of the coin: it is secure, fast (3.3 second transaction speed) and cheap ($0.0001 per transaction). This makes XRP ideal for microtransactions in the country. The fintech arena in India is growing in an exponential rate and XRP is at the forefront of this progress.

Secondly, the said exchanges of Zebpay and Unodax currently offer trading in crypto with XRP as a base pair. This is some good news for the two exchanges have seen that XRP is the future. The XRP centered trading pairs will further boost the visibility of the coin in the crypto markets.

The third reason will be centered around the Ripple company which has already set up shop in India for they know the country is a financial powerhouse. The GDP of India just recently surpassed that of the UK: imagine that! There is also the fact that international remittances into the country were valued at $67 Billion in 2017. It is no wonder the Kotak Mahindra Bank joined the Ripple network and plans on using xCurrent for local and international remittance services.

So there you have it, ladies and gentlemen. The beautiful country of India is a vital piece of the puzzle for the expansion of both the Ripple Company and XRP around the globe. The future does indeed look bright for both entities and the country of India.

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